March 21, 2018

Philips India- Compulsory Buy Back @ Rs.560

Philips India Limited has convened an EGM on 10/04/2018 at Kolkata to compulsorily buy out the remaining Non Promoter shareholders @ Rs. 560 /-This " fair value " has been worked out by Price Waterhouse and Co. LLPPhilips India delisted in 2004.It , now , has around 37,500 Non Promoter shareholders representing 3:87 % of Equity.-------------------Philips India split in 2016 in to two. A new Company , namely ,Philips Lighting was demerged.This Buy back is only of the original Philips India and not of Philips Lighting ( PLEASE RECHECK THIS ) -------------For more on Valuers , please clickhttp://www.rareindianshares.info/2018/02/independent-valuers-investors-get.htmlFor more on Compulsory Buy Backhttp://wwTy-buyback.html

General Warning : Investment in Shares Can be Injurious to Your WEALTH

Caution :The blog writer has personal/ family members' holdings in this Company , so please make suitable "provisions " for likely over optimism

( NB : All information given in good faith. Please recheck all facts before taking any investment decision.